November 12, 2018
New York, NY (November 12, 2018) – EFA Partners, a boutique financial advisory firm focused on arranging capital and providing investment banking and strategic consulting services for entertainment, media and technology companies, announced that it served as the exclusive advisor to arrange a new senior debt facility to refinance existing debt and to upgrade select venues for Autobahn Indoor Speedway, a leading nationwide chain of twelve family entertainment centers that feature the excitement of indoor karting and other attractions.
“We selected EFA because of their years of financing experience in the entertainment sector and because of their numerous financing relationships,” stated Michael Greene, CFO and one of the principal owners of Autobahn. “Like many businesses in our sector, we had grown via several loans on a site by site basis, but our new debt facility arranged by EFA consolidated our loans plus provided additional capital which we’ll use to significantly grow our business. EFA stayed with us and guided us through the entire process all the way through to close.”
Founded in 2012, Autobahn operates twelve karting venues throughout the U.S., making it the second largest U.S. chain of indoor karting facilities. The company offers a premier racing experience to hundreds of thousands of racers every year. From professional racers to novices out to try something new, Autobahn prides itself on offering a fast-paced thrill that is exciting for all demographics. All experience levels from 8 to 80 years old can enjoy high-speed karting, and there is something for everyone, from youth settings to team building corporate events.
The company focuses on providing real racing experiences, having high tech facilities, utilizing the latest in technology, and offering great customer service in a safe environment. It prides itself on the company’s core values: “Connect with Customers”, “Champion Safety”, “Think Young, Have Fun”, and “Grow Together.”
EFA’s founders collectively have over 75 years of experience in providing financial solutions for entertainment and media companies, including mergers and acquisitions, capital placement, and advisory services. EFA’s approach for Autobahn took the financing process from start to finish. This included preparing presentation materials for lenders, identifying and leading discussions with prospective banks and specialty lenders, recommending the appropriate lending partner, negotiating loan terms, and assisting in all aspects of the process through to closing.
“It has been a real pleasure working with the Autobahn team,” stated Ralph Willis, Managing Partner and one of the founders of EFA Partners. “They have developed a nationwide platform in only a few years and are now poised for tremendous growth by developing venues similar to Accelerate with its many attractions and full service restaurant. We look forward to assisting them further as they add attractions to their existing venues and selectively open new venues across the country.”
About EFA Partners
EFA Partners is a boutique financial advisory firm that provides investment banking services focused on capital raises, mergers and acquisitions, and financial consulting services for entertainment, media and technology companies. Since its inception in 2009, EFA has been retained by over 140 clients, having arranged and advised on over $3.5 billion of financings in its targeted sectors, including advising and closing numerous sell-side transactions. EFA has a wealth of relationships from which to source capital including local and regional banks, national and international banks, specialty finance groups, equipment financiers, providers of mezzanine debt and private equity groups.
About Autobahn Indoor Speedway
Autobahn Indoor Speedway, founded in 2012, is one of the largest indoor karting track companies in the U.S. with twelve sites located throughout the country. Autobahn continues to grow with new venues opened in 2017 in the Chicago and Washington D.C. regions. The Autobahn circuit consists of eleven traditional karting facilities and one new concept venue, Accelerate, that includes karting, a large arcade and redemption area, video gambling terminals, and a full bar and grill. As the company continues to grow, management will be upgrading existing venues to include a full offering of attractions similar to Accelerate, and will also be selectively seeking new locations. For more information, visit Autobahn at www.autobahnspeed.com.